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Long Run Exploration Stock Symbol: LRE-T

Notes:

Formerly WestFire Energy

Last Price Recorded: $0.8100 on 2015-05-27

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Date Signal Expert Opinion Price
2015-05-08 HOLD Ross Healy

At these energy prices and the earnings this company is making, it is very difficult to forecast successfully that it will survive. If he owned it, he would continue to sit on it and cross his fingers.


Price:
$0.820
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUSLY OPTIMISTIC
Owned:
Yes
2015-04-06 DON'T BUY Eric Nuttall

They were caught offside with debt levels at 5 times debt to cash flow.  The dividend is cut to zero.  Debt and production growth are still concerns.  They are challenged, as are most companies.  Oil needs to get to $70 (local price) in order for them to growth production and resume the dividend.  He believes they will sell assets to reduce debt.  It’s not a terminal situation, but he does not buy companies with stressed balance sheets.


Price:
$0.740
Subject:
OIL & GAS - JUNIORS
Bias:
BULLISH on ENERGY
Owned:
Unknown
2015-04-06 TOP PICK Josef Schachter

(A Top Pick April 14/14. Down 85.15%.) A lot of dividend type stocks got beat up pretty badly because of debt loads. This company has $600 million of debt. Have done well with hedging and production. Probably doing 32,000 BOE’s a day this year. Believes they can handle their debt. Great cash flow and should do $.80-$1 this year in cash flow. Will generate about $200 million in cash flow, and are only going to spend $100 million, use $100 million to pay down debt and they have asset sales to pay down debt. Stock could go to $3.50 if they resolve the balance sheet issue. Wait for 3 months before buying.


Price:
$0.740
Subject:
OIL & GAS
Bias:
CAUTIOUS
Owned:
No
2015-03-18 DON'T BUY Mohsin Bashir

He would be inclined to stay clear of this. It has dropped quite dramatically because of the amount of leverage on its balance sheet.


Price:
$0.710
Subject:
NORTH AMERICAN - LARGE
Bias:
UNKNOWN
Owned:
No
2015-03-17 HOLD Ross Healy

From a price to book point of view it is at 20 percent of its book value.  This stock is really cheap.  The balance sheet is strong.  Next year they are looking at a loss of 27 cents.  He does not have a comfortable feeling on where the price of oil is going.


Price:
$0.690
Subject:
NORTH AMERICAN - LARGE
Bias:
CAUTIOUS
Owned:
Unknown
2015-03-03 DON'T BUY Dennis Da Silva

Cut their dividends to zero and trading at a deep discount. Highly leveraged. They were in the process of trying to improve their efficiencies, but unfortunately got caught up in the oil correction. Not a preferred name for him. He would focus on companies with good balance sheets, who cannot only focus on their existing asset base, but take advantage of possible asset acquisitions.


Price:
$1.050
Subject:
CANADIAN RESOURCE
Bias:
OPTIMISTIC on ENERGY
Owned:
No
2015-02-12 SELL Swanzy Quarshie

Doesn’t think we have seen the end of the downside in commodities yet. Because of this, there is potential downside in the stock. They stopped paying a dividend. They are now left in a situation where they are going to be forced to sell assets to make sure the balance sheet doesn’t get too out of control. Doesn’t think this is the right company to be in, in this environment.


Price:
$1.150
Subject:
OIL & GAS
Bias:
CAUTIOUS on ENERGY
Owned:
Unknown
2015-01-20 COMMENT Eric Nuttall

This is 55% gas. Roughly 20% hedged at $93 this year. Dividend is not safe.


Price:
$1.250
Subject:
CANADIAN SMALL & MIDCAPS
Bias:
UNKNOWN
Owned:
Unknown
2015-01-05 COMMENT Ross Healy

Trading at a massive discount to book value. BV is at about $5.25. FMV has come down a lot, but he still calculates the FMV at about $4. If there was any kind of a rebound in the price of oil, which he expects will be in 2015, it could be quite astounding.


Price:
$1.460
Subject:
NORTH AMERICAN - LARGE
Bias:
BEARISH
Owned:
Unknown
2014-12-11 DON'T BUY Teal Linde

Not one he is watching because it has too much debt.  It is on red flag zone.  Focus on companies with a strong balance sheet.


Price:
$1.270
Subject:
NORTH AMERICAN
Bias:
BULLISH
Owned:
Unknown
2014-12-01 SPECULATIVE BUY Eric Nuttall

A parent company of the guest is a very large shareholder.  People are concerned since it is trading at a 19% yield.  They may have to realign their divined and cap X programs.  Prefers others that can profit at $70 oil.  If you think we get a rally in 2015 they may do well from here.


Price:
$1.790
Subject:
OIL & GAS
Bias:
CAUTIOUS on OIL
Owned:
Yes
2014-11-19 COMMENT John O'Connell, CFA

Extremely high dividend yield of 14%-15%. The company has to do something if the model is not sustainable at these prices. Balance sheets get destroyed and may be having to sell things to pay down debt. If they stopped paying the dividend, he would probably look at this company. They are trapped in this game of having a free lunch in the energy business. His guess is that they are going to sell assets to try to stay sustainable.


Price:
$2.730
Subject:
NORTH AMERICAN - LARGE
Bias:
OPTIMISTIC
Owned:
No
2014-11-12 COMMENT Brendan Caldwell

Took a position about 6 months ago. Showed up really strong on his models as having a good valuation and momentum. Energy stocks in Canada are under pressure and have no momentum to them. Doesn't expect there will be a quick change to this. There is a possibility this could have difficulty in sustaining its dividend, especially if energy prices continued to be under pressure.


Price:
$2.980
Subject:
CANADIAN VALUE
Bias:
UNKNOWN
Owned:
Yes
2014-11-06 COMMENT Mason Granger

Although he doesn't own this, his company has contemplated making flow-through investments in it in the last year. A relatively simple story to understand. They’re Peace River, Arch, Montney, Redwater and Viking. They pay a dividend. The yield on the company is fairly high, which is probably reflective of some scepticism that they can maintain a dividend. All the body language he has seen from the company is that they would rather throttle back on CapX then do anything to their dividend. He thinks the dividend is relatively safe, although he can think of safer yielding plays.


Price:
$2.860
Subject:
CANADIAN ENERGY
Bias:
UNKNOWN
Owned:
No
2014-11-05 COMMENT Dennis Da Silva

Owns a small amount in some of his portfolios. A balance between oil and gas. High dividend, north of 15%, and he doesn't think it is sustainable. Stock is down significantly. Lower growth rates in some of the other dividend payers.


Price:
$2.950
Subject:
CANADIAN RESOURCE
Bias:
UNKNOWN
Owned:
Yes
Showing 1 to 15 of 80 entries
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